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Service Lives of Fixed Assets

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  • Derek Blades

Abstract

Participants in the Special Meeting on National Accounts held in February 1980 requested the Secretariat to prepare a report on service lives of capital assets. Estimating service lives is one of the more difficult problems in using the perpetual inventory method to calculate capital stocks. While an earlier OECD report, The Measurement of Capital (40), had touched on the problem, participants agreed that this was an area where a more detailed study of country practices would be useful. A consultant, M. Pierre Teillet, was asked to conduct a survey of country practices and to prepare an initial report, which was briefly discussed at the Special Meeting on National Accounts held in June 1981. The present study, which has been prepared by the Economic Statistics and National Accounts Division of the ESD, draws both on the earlier work by M. Teillet and on the substantial quantity of reports, working papers and other documentation on capital stock estimates supplied by statistical ...

Suggested Citation

  • Derek Blades, 1983. "Service Lives of Fixed Assets," OECD Economics Department Working Papers 4, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:4-en
    DOI: 10.1787/546835542570
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    Cited by:

    1. Douglas Todd, 1988. "Total factor productivity growth and the productivity slowdown in the west german industrial sector, 1970-1981," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 124(1), pages 108-126, March.
    2. Crego, Al & Larson, Donald & Butzer, Rita & Mundlak, Yair, 1998. "A new database on investment and capital for agriculture and manufacturing," Policy Research Working Paper Series 2013, The World Bank.
    3. Mahadevan, Renuka & Asafu-Adjaye, John, 2005. "The productivity-inflation nexus: the case of the Australian mining sector," Energy Economics, Elsevier, vol. 27(1), pages 209-224, January.
    4. Michalis Nikiforos, 2021. "Notes on the accumulation and utilization of capital: Some empirical issues," Metroeconomica, Wiley Blackwell, vol. 72(4), pages 679-695, November.
    5. Michalis Nikiforos, 2020. "Notes on the Accumulation and Utilization of Capital: Some Empirical Issues," Economics Working Paper Archive wp_953, Levy Economics Institute.
    6. Asafu-Adjaye, J. & Mahadevan, R., 2003. "How cost efficient are Australia's mining industries?," Energy Economics, Elsevier, vol. 25(4), pages 315-329, July.
    7. Xavier Tafunell & Cristián Ducoing, 2015. "Non-residential capital stock in Latin America. 1875-2008," Economics Working Papers 1472, Department of Economics and Business, Universitat Pompeu Fabra.
    8. Xavier Tafunell & Cristián Ducoing, 2016. "Non-Residential Capital Stock in Latin America, 1875–2008: New Estimates and International Comparisons," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 56(1), pages 46-69, March.
    9. Edwin Dean & Masako Darrough & Arthur Neef, 1991. "Alternative Measures of Capital Inputs in Japanese Manufacturing," NBER Chapters, in: Productivity Growth in Japan and the United States, pages 229-266, National Bureau of Economic Research, Inc.
    10. Jacques R. Artus, 1984. "An Empirical Evaluation of the Disequilibrium Real Wage Rate Hypothesis," NBER Working Papers 1404, National Bureau of Economic Research, Inc.
    11. Ana Rincon-Aznar & Rebecca Riley & Garry Young, 2017. "Academic Review of Asset Lives in the UK," National Institute of Economic and Social Research (NIESR) Discussion Papers 474, National Institute of Economic and Social Research.

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